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The UK faces increasing pressure from encryption leaders to create a clear strategy in Stablecoin with the progress of the United States, as banks such as Citi and HSBC are exploring their potential.
While the United States pushes forward with a genius law, the race is gained to determine Stablecoin speeds all over the world.
Traditional financial players have also started to test water.
Citigroup, for example, explores stablecoins and products circulating in the exchange.
Pay stablecoin in the United Kingdom
In open letter To Finance Minister Rachel Reeves, 30 UK encryption leaders urged the formula of the National Stablecoin strategy.
They have warned that without a quick procedure, Britain risked the United States’ backwardness and becoming “bases instead of a rules maker” in the economy of digital assets.
I noticed the message,
“To ensure that the United Kingdom is at the forefront, we believe that there is a need for a proactive and coordinated national strategy – its reality that does not pose a threat to attention, but as a financial infrastructure that is adopted responsibly.”
This message was signed by Coinbase, Kaken, Copper, Fireblocks, Bitgo and VANECK.
The signatories confirmed that the UK needs a clear and coordinated plan to include Stablecoins in its financial system, rather than treating it as possible risks.
According to the message, the current regulations fail to obtain the essence of Stablecoins, you are in innovation and adoption.
Where is the current list backward?
The highly highly highly worried was how the organizers in the United Kingdom are currently classified.
Under the current law, it was described as “encryption tools with reference to the FIAT currency”, arguing the leaders of the identification industry as peach and ancient.
Meanwhile, in the United States, Stablecoins, which was usually linked to government -backed currencies, has become essential in the digital asset market, led by USDT from Tether and Circle USDC.
The value of this sector is 280 billion dollars, however, the sterling -backed Stablecoins is still small, with the market cost of 461,224 pounds only ($ 621,197), per Coingecko.
However, despite growth, the risks associated with Stablecoins remain.
Why is Stablecoin considered it very important?
While Stablecoins provides a strong opportunity to link digital assets with traditional financing stability, its growth depends on a clear and consistent organization.
This organizational gap is still the biggest obstacle to global adoption, but the momentum is built.
In fact, the major South Korean banks have already advanced, created dedicated teams and explores the edition and management of Stablecoins.
Paying them indicates how financial institutions are followed all over the world, provided that the rules of the game are joined by innovation.
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2025-08-22 00:00:00
